Forex News

Key information updates for profitable trading

Crude sinks as American drillers add rigs
Crude sinks as American drillers add rigs

On Monday, crude went down after American shale drillers added more rigs the previous week, although prices still kept close to their maximum since mid-2015, underpinned by an extension of output cuts agreed the previous week by OPEC as well as other…

Crude moderately rebounds in Asia
Crude moderately rebounds in Asia

On Thursday, crude prices rebounded modestly in Asia because markets are waiting for full details of a widely anticipated extension of OPEC-led output curbs…

API estimates suppress crude in Asia
API estimates suppress crude in Asia

On Wednesday, crude went down in Asia because gloomy US industry inventory estimates affected market sentiment and attention is shifting to an OPEC gathering in Vienna on oil output curb extensions…

Gold rebounds from 6-week maximums ahead of Powell hearing
Gold rebounds from 6-week maximums ahead of Powell hearing

On Tuesday, gold declined, rebounding from the previous session's six-week maximum because market participants waited for comments from the next governor of the Fed for new clues on the probable trajectory of US monetary policy…

Crude goes down on pipeline restart
Crude goes down on pipeline restart

On Tuesday, crude sank in Asia amid uncertainty as for a probable extension of output cuts by key oil producers as well as expectations of higher supply because the Keystone pipeline restarts…

Gold heads north
Gold heads north

On Monday, gold rallied because market participants looked ahead to a busy week of Fed speakers for new clues on the probable trajectory of monetary policy…

Crude is still backed
Crude is still backed

On Friday, oil was still underpinned amid everlasting optimism as for the rebalancing of the crude market, while the partial closure of the major North-American pipeline generated supply disruption worries…

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